Who invented the Cool Binz patent?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
The following is a list of patents (the "Patents") that are material to the franchise:
US Non-Provisional having U.S. Ser. No. 17/748,355.
Filing date: May 19, 2022
Status: Pending
The above Patent is for climate-controlled portable storage unit with a window for remote control access to climate controls. The Patents are held by Cool Binz, LLC, and were invented by Kathryn and Ernest Paladino.
Your rights to the use of the patent are derived solely from your Franchise Agreement. You will only use the patented technology as we authorize. In using the patented technology, you must strictly follow our rules, standards, specifications, requirements and instructions which may
be modified by us in our discretion. All goodwill associated with patent remains our exclusive property. You may not use the patent with any unauthorized product or service or in any way not explicitly authorized by the Franchise Agreement or that we may otherwise approve. When your Franchise Agreement expires or terminates, all rights for you to use the patented technology shall cease and you shall not maintain any rights to use the patent.
In the event of any infringement of, or challenge to, your use of the patent, you must immediately notify us, and we will have sole discretion to take such action as deemed appropriate. We will indemnify and hold you harmless from any suits, proceedings, demands, obligations, actions or claims, including costs and reasonable attorneys' fees, for any alleged infringement under federal or state patent law arising solely from your conforming use of the patent in accordance with the Franchise Agreement or as otherwise set forth by us in writing, if you have notified us promptly of the claim. We reserve the right, under the Franchise Agreement, to discontinue your use of the Patent. The franchise agreement does not provide you with any right to compensation if you are required to modify or discontinue use of the patent.
Source: Item 14 — PATENTS, COPYRIGHTS, AND PROPRIETARY INFORMATION (FDD pages 50–52)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the inventors of the patent for the climate-controlled portable storage unit are Kathryn and Ernest Paladino. The patent, which is held by Cool Binz, LLC, has U.S. Ser. No. 17/748,355 and a filing date of May 19, 2022. As of the FDD's publication, the patent status is listed as pending.
Cool Binz franchisees' rights to use the patent are derived solely from the Franchise Agreement, and they are only authorized to use the patented technology according to Cool Binz's rules, standards, specifications, requirements, and instructions. These rules can be modified at Cool Binz's discretion. All goodwill associated with the patent remains the exclusive property of Cool Binz. Franchisees cannot use the patent with any unauthorized product or service or in any way not explicitly authorized by the Franchise Agreement.
Upon expiration or termination of the Franchise Agreement, all rights for the franchisee to use the patented technology cease. Franchisees must immediately notify Cool Binz of any infringement or challenge to their use of the patent, and Cool Binz has sole discretion to take action. Cool Binz will indemnify and hold the franchisee harmless from suits or claims arising from their conforming use of the patent, provided the franchisee promptly notifies Cool Binz of the claim. However, the franchise agreement does not provide franchisees with any right to compensation if they are required to modify or discontinue use of the patent.